Ethereum

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<p>Despite a recent correction, Ethereum (ETH) remains above the psychological threshold of $3,000. This resilience could signal an interesting bullish potential for the second-largest crypto in the market. Let’s decipher the key levels to watch.</p>
<h2 id="h-ethereum-consolidates-its-position-above-3-000">Ethereum Consolidates Its Position Above $3,000</h2>
<p>Over the past week, ETH has managed to stay consistently above the crucial support of $3,000. This performance underscores the <a href="https://www.cointribune.com/en/crypto-the-battle-of-3000-ethereum-facing-a-crucial-speculative-divergence/" target="_blank" rel="noopener noreferrer nofollow">dominance of the bulls</a> in the market. By trading above $3,050, Ethereum shows signs of a healthy correction.</p>
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<p>However, the <a href="https://en.coin-turk.com/ethereum-maintains-stability-above-3000/" target="_blank" rel="noopener noreferrer nofollow">recent weekly high</a> reached at $3,144 faced a slight pullback when sellers intervened near $3,150. Currently, ETH is trading around $3,120, with immediate resistance located at $3,080. Additionally, a bearish trend line is visible on the ETH/USD hourly chart. However, a sustained move above this line could pave the way for a retest of the $3,150 level.</p>
<p>Furthermore, a confirmed break above the $3,150 mark would give Ethereum the momentum needed to target higher price levels. The ability of buyers to remain strong at this key resistance level could inspire a <a href="https://www.cointribune.com/en/bitcoin-finally-catches-its-breath-but-everything-could-change/" target="_blank" rel="noopener noreferrer nofollow">bullish sentiment in the market</a>.</p>
<p>The next major hurdle stands at $3,200. Beyond that, interest in ETH could intensify and propel its price towards $3,250. A clear breakout above $3,250 would open the way for a test of the $3,320 resistance.</p> 
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<h2 id="h-supports-to-watch-closely">Supports to Watch Closely</h2>
<p>In the short term, the first notable support for Ethereum lies around $3,065. This level could contain a temporary decline. However, in case of a break, the next major support to consider is the<a href="https://www.cointribune.com/en/ethereum-unexpected-12-million-whale-surge-electrifies-the-crypto-market/" target="_blank" rel="noopener noreferrer nofollow"> psychological threshold</a> at $3,000.</p>
<p>If the latter were to give way, ETH could risk falling to $2,980. Failure at this stage would expose the crypto to a deeper correction towards $2,860.</p>
<p>On the hourly chart, the MACD indicator is losing strength in positive territory, signaling a weakening of the bullish momentum and increasing selling pressure. Additionally, the RSI index below 50 reflects a market under bearish pressure, raising concerns among investors.</p>
<p>In summary, as analyzed in our latest article, <a href="https://www.cointribune.com/en/crypto-bitcoin-rally-leaves-ethereum-far-behind-why/" target="_blank" rel="noopener noreferrer nofollow">Ethereum is still struggling to keep up with Bitcoin’s rapid pace</a>. The imminent decision by the SEC regarding a spot Ethereum ETF keeps traders on edge. Despite long-term optimism, a rejection could trigger a short-term correction.</p>
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Crypto: Ethereum at $3,000, a dam about to break?

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